Ontario · Receivership (court-appointed)
Motion Record of the Receiver returnable August 12, 2026
Application / notice of application · 12 August 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing7 verified
- secured creditorsnote: $50,000 borrowed and repaid with interest in the amount of $51,307.47 upon closing of Fassel Transaction; related-party financing arrangement from Receiver's own lender · page: 24 · debtor: Thomas Dylan Suitor · creditor: National Bank of Canada · currency: CAD · security: Receiver's Borrowings Charge on the Property, securing up to $250,000 borrowed by Receiver, subordinate to Receiver's Charge but ranking ahead of Interim Receiver's Borrowing's Charge
- secured creditorsnote: First ranking charge per legal opinion of GLG; Receiver proposes distribution to NBC as senior secured creditor up to NBC Principal Indebtedness · page: 25 · as of: 2026-08-15 · amount: 1479883.05 · debtor: Thomas Dylan Suitor · creditor: National Bank of Canada · currency: CAD · security: Charge registered 2024/05/29 against King Property, registered amount $3,200,000; NBC Payout Statement comprised of personal line of credit principal+interest $1,290,480.62 and legal fees $189,402.43; per diem $175.69 thereafter
- secured creditorsnote: Related party (court officer charge, not third-party debt); as of October 31, 2025 amount secured was approximately $515,000 (First Report, page 61); subordinate to Receiver's Charge and Receiver's Borrowings Charge · page: 26 · debtor: Thomas Dylan Suitor · creditor: TDB Restructuring Limited (as Interim Receiver) and its counsel · currency: CAD · security: Interim Receiver's Charge over the Property pursuant to paragraph 18 of Interim Receivership Order dated October 7, 2024; estimated maximum amount secured increased from $600,000 to $1,000,000
- secured creditorsnote: Related party (court officer charge, not third-party debt); amount to be determined on passing of accounts · page: 38 · debtor: Thomas Dylan Suitor · creditor: TDB Restructuring Limited (as Receiver) and its counsel · currency: CAD · security: Receiver's Charge on the Property, first charge in priority to all other security including Interim Receiver's Charge, subject to BIA ss.14.06(7), 81.4(4), 81.6(2)
- secured creditorsnote: First ranking charge per legal opinion of GLG; from First Report of Receiver (Fassel Payout Statement) · page: 60 · as of: 2026-02-17 · amount: 1061560.49 · debtor: Thomas Dylan Suitor · creditor: National Bank of Canada · currency: CAD · security: Charge registered 2024/03/27 against Fassel Property, registered amount $1,450,000; per diem interest $152.25 thereafter
- fee scheduleengagements: form: time_summary · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: · currency: · invoices: · firm text: Goldberg, Lamba & Ghannoum LLP · firm quote: I am a lawyer with the law firm of Goldberg, Lamba & Ghannoum LLP · context quote: real estate counsel to TDB Restructuring Limited in its capacity as the court-appointed Receiver and Manager
- recovery outcomeentries: basis: actual · quote: | Interim Distribution to Secured Creditor (Note 4) | $ | 454,681 | · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 454681 · amount high: 454681 · class label: NBC (secured creditor) · creditor name: National Bank of Canada · interim final: interim · claims qualifier: unstated · table missing: